Gold, Silver Frustrations Mount
Once again Gold, Silver and Platinum appear to be under pressure. The trend remains up, but the trading action has been miserable. This is always the type of action that creates traders to do the […]
Gold and Silver, It’s the Bulls Turn
Gold and Silver, It’s the Bulls Turn
The bulls have finally taken back control of Gold, Silver and Platinum. All three have now managed to reverse trend after their prolonged downtrend. We have seen them break […]
Gold and Silver Higher, Sell the Rally
Gold and Silver are seeing a solid rally this morning pushing up to our resistance levels. Until proven otherwise, we are sellers at resistance with the trend still lower. Based on the trend and recent […]
Gold Reverses while Silver and Platinum Remain Short
After a solid run higher Gold has finally reversed to the long side. The action has been precarious at best, but the pattern has changed. As of this morning we are now long Gold, and […]
Gold Goes Up and Down While Silver Remains Weak
The pattern continues as Gold churns. Every rally has been met by sellers as the downtrend continues. The Gold bugs can continue to wish prices higher, however the trend has not changed. All the wishing […]
Is Gold Ready to Reverse Trend?
Since the flash crash in Gold on Sunday/Monday August 9th the yellow metal has rallied everyday since. We have seen the low at 1680 and currently pushing 1800. As of today, we remain short but […]
Gold at Key Level While Silver Remains Weak
Those hazy, lazy days of summer influence markets as well. While it’s attempting to reverse, Silver remains weak. What we are seeing, all markets are basically in a coma, equities creep to new highs while […]
Gold, Silver and Platinum Price Action is Weak
Gold, Silver and Platinum’s price action remains weak with our lone long in metals being Gold, which has gone down everyday since we reversed. The current range in Gold is 1790-1840 based on December Futures. […]
Gold, Silver and Platinum Waiting for Jobs Report
Metals lack conviction their current conditions; no matter the trend they are still directionless. Gold is in a loner term uptrend, while Silver and Platinum in downtrends. However, no matter the trend they are all […]
Gold Struggles with No Interest
Gold’s trend finally reversed to long and promptly got hammered on Friday. The 16.00 drop is no big deal in the big scheme but painful just the same. As expected, volume is pathetic. In other […]